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be made public so that the people and media organizations can supervise the government's efforts to more fully and more effectively. this will also in a way force enterprises and government to firm up our own responsibilities. and help the people to take some precautionary measures. since we breathe the same air, we have to work hard together. everyone should pitch in, and as far as the government is concerned, we will show greater resolve and take actions to reassure the peoples, thank you. [speaking chinese] >> translator: china's websites, mr. bremer can you talked a lot about the goals and the best of reform. we pay close attention to the reform of the reeducation through labor system. mr. premier, is there a timetable for reforming it? [speaking chinese] >> translator: let me answer your question very precise. the relevant authorities are working intensively on the plan to reform the reeducation through labor system. and the plan might be unveiled before the end of the year. thank you. [speaking chinese] [speaking chinese] >> translator: i noticed one detail, mr. premier. in the cou
after the commission. as a limited government person i do not think we should stay in positions forever, but at the wee time i love my job and have a lot important work to do. >> this past week, commissioner robert mcdowell and chairman julius czajkowski announced their resignations from the fcc. hear more on monday night from "the communicators," at 8:00 eastern on c-span 2. >> wednesday, british chancellor torch osborne unveiled the government's proposed tax and spending plans to members of the british house of commons. he told members 600,000 more jobs will be added this year according to forecasters. corporation tax will be cut to 20%, the lowest tax rate than any other economy in the world. in his one-hour speech, chancellor osborne announced measures aimed at assisting small business owners, first- time homebuyers, and british veterans. this is about an hour and 15 minutes. mr. deputy speaker, this is a budget for people who aspire to work hard and get on. it's a budget for people who realise there are no easy answers to problems built up over many years. just the painst
's security, and to speak directly to the people of israel and to your neighbors. >> the israeli government hopes washington can help tackle the region's most pressing challenges. the upheavals triggered by the arabs spring have increased political instability, and the threat of iran's nuclear program is ever present, but not everyone is happy to see obama. palestinians in the occupied west bank and here on the gaza strip have been protesting. >> obama's visit shows that the u.s. is providing legitimacy and support to the occupation of our land. >> obama is scheduled to travel to the west bank and jordan before leaving the region on saturday. >> let's cross over now live to our correspondent, who is covering the president's visit for us. barack obama and benjamin netanyahu have not enjoyed the warmest of relationships. how did they come across at the press conference? >> this was an interesting press conference. they tried to joke around. they clearly tried to show that at this time, they were trying to put personal differences aside. experts all say they might not become best friends, but
the government fears contagion. it starts doing naughty things. this is limiting how much those folks can take out once they can get out the money. it is enacting sweeping measures that are raising eyebrows worldwide. banks rethinking even being there. paying customers wanting to get out of there. it is a mess. in these next 72 hours, cyprus officials are very lelia. they are working overtime to contain this mess. let me put it this way. cyprus is no longer an island. cyprus is a tsunami. it scares me customers worldwide. that is what they are hoping to avoid this weekend. it depends on whether they deal with this. going to john brown, and our own nicole petallides on whether they can and will. nicole kno of what she speaks. her parents are from cyprus and she has visited there many times or so. these are wholly times. >> i am so glad that you're painting it in the proper way. this is .2% of europe's gdp. it is a small island and it is being menial to so many. but it paints a picture of what is going on there. which is catastrophic. you go in there and you are talking about confiscating peles
. >> a massive outpouring of anger in cyprus. pressuring the government to renegotiate the eurozone bailout deal. >> turkish politicians raising hopes of an impending cease-fire around the conflict that has claimed 40,000 lives. >> the government backing away from banning the far right mpd. captioned by the national captioning institute --www.ncicap.org-- >> thank you for being with us. frantic meetings are under way in which the government ministers in cyprus are trying to reverse the levy is imposed on bank accounts. cyprus may be a test case. "politicians in cyprus are reporting to scale back demands. france and germany have emphasized there were not behind the move. they do have a large russian community and vladimir putin has called on a fair, and professional, and dangerous. >> they will vote on the levee on tuesday. >> they do not understand why they should be the first to bail them out from their own savings. they have been trying to gather support. the there are forced to pay a one off tax of 6.75%. and is not just the terms of the bailout making people here angry. some people feel they
european union and the government of cyprus has agreed on a euro package to salvage the countries tanks. many are still skeptical. a call for politicians to be held accountable. as this nation prepares to face years of austerity to meet the terms laid out by its international lenders. >> we will be going live to our correspondents in just a moment. first, this report. >> cyprus's a banks have been closed for 10 days now. the two mainlanders will be shut on thursday. smaller banks will open in the morning. the to be a bank holiday anyway. went ahead as planned. celebrations are muted. everyone knows there are hard times ahead. >> there is no other choice. i cannot say we rejoice, but if this is the only possible way, then i want to assure you that we will be very resilient. >> it is goodbye to the low-tax business model that attracted lots of money a broad, a huge number of inking jobs will go. the country's a second-biggest bank, lockheed, will be submerged into the bank of cyprus. that's a, too, will be radically structured. euros will remain frozen. 30% will be taken to help sor
, eyewitnesses said the rebels control strategic locations. foreign forces helping the government also suffered a defeat. the south african soldiers were tasked with guarding bangui. is himself a former soldier. ruleast few months of his were turbulent. his term is not up until 2016. rebels said they want to hold elections. there is still heavy fighting in bangui. a peaceful transition is not on the cards. >> paris musharraf has returned home from self-imposed exile, declaring he was to save the country. musharraf spent the past four years in london and dubai, but now wants to take part in elections this may. >> coming home may herald a comeback for musharraf. greeting supporters after stepping off his flight. i've come back, putting my life in danger, in order to save pakistan. >> not everyone in pakistan is happy he is home. the military man made many enemies as president. in 2008, musharraf was forced to quit amid political turmoil i. his political past could come back to haunt him. pakistan's teledyne hates musharraf because he supported george w. bush's war on terror hatesevision -- taliba
, people in cyprus are standing in lines at cash machines. banks remain closed as the government's scramble to put together a new bailout plan for the broken financial sector. >> the clock is ticking. ecb says cyprus must come up with ed bop -- viable bailout plan by monday. if not, there will cut off funding, also listening the country into bankruptcy. >> there's also talk of a solidarity investment fund that could include bonds backed by the government and even by churches. >> angry separates -- cyprian -- separates -- cypriots gathered outside the parliament building here the latest reports say cypriot officials are mulling a special fund as contributions coming reportedly from the island's wealthy orthodox church, from pension funds, and the central bank's gold reserves. the governor of the island's central bank was confident a solution would be found. >> i expect there will be a program of support for cyprus until monday. >> as the politicians tried to come up with a last-to address you, the mood on the streets debt is to spur a panic. earlier in the day, police clashed with angry bank
of government offices and businesses early. traffic jacks and some gridlock across the city. the same time, today was marked by new political uncertainty. lack lab announced provincial elections would be put off for six months. iraqi government sources are telling us now that the delay will be extented for all provinces across iraq. so in some, while the security has mostly improved in iraq over the last few years, the anniversary was a reminder of the darker days. >> bret: yeah, dave, what were you hearing and seeing? what were you hearing from the iraqis? were they shocked by this bombing, the series of bombings? >> guest: i think the bombings came as somewhat of a shock. although, everyone was aware of the anniversary. there have been bombings on previous verses haves, but the same time. the anniversary is a day that marks some upate and anger on the part of iraqis toward we werers. westerns are not so much of a target in iraq anymore. so depth and the amount of bombing was a surprise. certainly the announcement by prime minister al-awlaki was a big surprise. >> bret: what about the sec
, rangery. they're if disbelief over this decision that was struck between the government and brussels leaders on saturday morning. but it's not just the people who are angry. it's also the politicians. many politicians in this 50/60 parliament in cyprus have said they would reject the bailout package because of the hugely unpop already deposit tax. press reports indicate that up to three parties could be volting against the bailout deal, which will be voted on in parliament later today. that's the debate and the vote are expected to kick off around 4:00 p.m. local time. so what the president is trying to do at the moment, he's trying to pure swede the members of parliament that this is the only solution going forward. if they vote against the bailout deal, the only alternative is bankruptcy for this country in the next couple of days. but it's going to be very, very crucial for the president to strong arm the other members of parliament into a positive decision on the bailout deal because at this point in time, he does not have a clear majority in parliament. he only has 20 seats. and
. meanwhile, at the finance ministry, the government has been holding talks with the imf, european central bank, and the european commission. progress on details of the bailout is slow. the majority of the issues on that paper to not call for any further work. there were two issues which will allow me not to go into any detail calling for greater quantification. >> the european commission books prepared to compromise. the biggest banks face a hair cut of 20% on deposits rather than 25%, a breakthrough that may be key to securing parliament's approval. >> we are following the story in cyprus and we are joined on the line. nathan, fill us in on the details of the possible deal. >> as we just heard, we understand there has been agreement between cyprus and the e.u. and imf at a 20% levy will be slapped on deposits of over 100,000 euros at the bank of cyprus, the biggest blunder in this country. 4% levy on deposits, the same amount as other lenders, which would include the much talked- about lackey bank. these pension funds, which we have heard so much about, which we also know were opposed by
a european government is he seizing the private welt alth of citizens. but it has. we've had two terrific weeks and a pullback on friday, but two terrific weeks that took the dow to 14,500. we're expect the market will come down in the first minutes of business today. down maybe 80, 90 points because of the cyprus situation. whoever thought that we'd be sitting here seeing an obscure island in the mediterranean affect our money so sharply. opening trend is indeed down. here we go, they're opening up the stocks and the dow is now down 48, 50 points, 14,400 we're back to now. and get to individual stocks, three big names and now them, apple, blackberry, boeing, all went up last week and i want to start with apple. according to a new analyst survey, apple set to raise its dividend by maybe more than 50%. it doesn't make any difference, it's down two bucks this morning. now, our partners in all things digital reporting that the blackberry chief told an australia newspaper that the iphone is past its prime. it doesn't make any difference, blackberry is down this morning and boeing's rival airb
do not know of a family, i do not know of other units of government that as they're trying to wrestle with this question confine themselves to only looking at one side of the balance sheet. but that's what the house budget does. you know, i was thinking about this approach and this question about deficits not long ago, and it struck me that when i look at myself in a mirror, madam president, i always wish that i was thinner. i always wish i was thinner. but i've never once looked in a mirror and wished i was weaker. an all-cuts approach is like looking in a mirror and wishing your weaker because an all-cuts approach placks yo makes you wen education, weaker in defense, by laying people off in jobs, it makes you weaker because your unemployment rate is higher. it is like looking in the mirror and wishing your weaker. we have to be stronger. can we make cuts? sure we can and we have and we'll make more. but we ought to be focused on being stronger, about growing the economy and growing jobs. and that's why the approach that the senate takes is the right approach. because by utilizing re
bankruptcy and bailout. can the government come up with a bankruptcy plan for the banks? we will go live to nicosia. >> u.s. president barack obama wraps up his three-day tour of the middle east with a final stop in jordan and a bit of telephone peace brokering. and "cloud atlas" is the front runner in this year's nominations for the german film prize, the lolas. for cyprus, the coming weekend is make or break time. lawmakers have two more days to come up with a bailout plan for the banks or risk sending the whole country into economic collapse. >> the european central bank has said cyprus must come up with 5.8 billion euros by monday in order to qualify for a 10 billion euro bailout. if nicosia fails, the ecb will cut off funding to the ivan. russia further increase pressure on friday, saying it will not offer financial aid until a final plan that the eu is sealed. >> that has the government in nicosia backed or it was a few days ago. that includes a controversial tax on bank accounts to fund the bailout. >> people in cyprus brave the storm to protest outside parliament ahead of a cruci
. the government has three days left now to raise the almost $6 billion euros to needed to secure an incident ur national bailout. carolin roth is in the cypriot capital. carolin, it looks like there's not going to be this parliamentary session at this point. when can we expect the cypriots to put forward their latest plan? how are they going to come up with 30% of gdp? >> that's a very good question, kelly. first of all, it has been delayed by more than an hour now. we're hearing it could be delayed by another half hour, one hour. one of the lawmakers was walking into the parliament told me things are looking very, very bad at this point. they're going to be debating and voting on the three bills. the first one is the most contentious one. it's the banking bill. they're talking about winding down cyprus's second biggest banks which is going to be split into a good bank and a bad bank. the second bill is going to be on the called solidarity fund. among other things, this includes the nationalization of pension funds. the third one is a bill on capital controls which would be implemented once thi
, you know, the federal government and the banks don't want you to save money, because the banks can get their money from the fed for 0% so why would they let people save money. they would dread you put the money in the stock market and take a chance you're going to gain or lose. it's against a person wanting to save money. host: when did you start saving? caller: i'd say about 20 years before i retired. host: and you retired at what age? caller: 59. old enough to start drawing my 401-k. host: so the company you work for provided a 401-k? that's when you started investing? caller: yes, but you know they didn't match anything. what i put in there was my money but we had profit sharing. but they never matched what i put in. it was my money. host: do you think that -- did you ever use a financial advisor? caller: no. i got my money in chase, managed accounts, they managed my money. before it was through fidelity, and i could manipulate it myself, and that's when i lost half my money, because i didn't move it fast enough, and i took a big hit. host: so you didn't take it out of riskiers a cr
republican budget does, mr. president, it's focused on growing the economy, not growing the government. what the democrat budget here before the senate this evening does is it grows the government, not the economy. in fact, if you look at what the analysis that's been done, it's expected that the democrat budget would cost us 850,000 and reduce take-home pay for middle-class families by $1,500. the house republican budget takes serious the challenges facing this country, takes the steps that are necessary to save and protect medicare for future generations of americans, something that this budget, the senate democrat budget, does not do. i urge my colleagues to support this budget. it's a serious one that balances the budget in 10 years and puts our economy back in a growing mode and our fiscal house back in order. i yield the floor. omrs. murray budget raise: yawz. the presiding officer: is there a sufficient second? there appears to be. the clerk will call the roll. vote: the presiding officer: are there any senators in the chamber who wish to vote or to change a vote? if not, on this vote
arm the syrian government, although it rawn insists it is humanitarian aid. the u.s. has asked iraq to force the planes to land in iraq for inspections. but only a few have been checked. they have long been a point of conflict between the and u.s. iraq. >> the intent here, fwy going public, is to increase the pressure on al-malma laki. but it shows how minimal our ability to affect the conflict in syria has become. >> kerry said that iraq can be be part of the political discussion about syria's future until cracks down on the iranian shipments. >> shannon: thank you very much. the head of the western-backed opposition in syria is supportedly stepping down, resigning out what have he calls frustration with a lack of international efforts to oust the leader assad. >> this resignation is really shows how fragmented the syrian opposition is and even if assad were to fall, the western allies don't know who to call and talk to. right now, the syrian opposition is in two camps. you have the free syrian army, the locals who have risen up against the regime. but on the other side, have you e
have medication that not only can prevent you from this, that the federal government considers antiviral treatment. so this is being able to change this. it didn't take away the eligibility category, but it allows states not be penalized for it in 26 states, you are not eligible at all states are still making. here is the map where they are. this is part of things that have been moved. as you can see, 27 had expressed support. seven of them are still weighing options and the rest of them are opposed. what does this mean for people with hiv? perhaps on the good news side, about% of people live in those states that have expressed theirs. 29% live in states with programs. but florida, for example, the florida legislature is not in support. 11% of people with hiv live in florida. as you can see, and i will make this clear, all of those states on the bottom, that as a challenge. even if all states were to expand medicaid, we know that insurance covered it alone does not equal access to care. it is the nation's safety net for people with hiv. the resources and gaps in care, we need t
the asylum system. so the government has made asylum of use a punishable crime -- asylum abuse. 80% of those affected are roma. these drastic measures are to ensure other citizens can travel freely. the eu has threatened to suspend the said-free travel. these are hard times for the roma. elvira is 34 and has three children. she married her husband when she was 14. she lived in germany before as a child until she was 7. now the family of five lives in two rooms with her in-laws -- 12 square meters to eat, sleep, and do homework. the entryway serves as a kitchen. >> they would love to have another room so each would have their own bed, but that is impossible. >> they could use the suspended 50 euros a month welfare benefit. neither elvira nor her husband has worked. occasional day jobs earn them up 15 euros. fights are common at school. >> two or three times a week, not just fistfights, but with knives, brass knuckles, even guns. >> they venture out, but they are cautious. with more than 20,000 roma, it is the biggest community of its kind in europe. unemployment is an estimated 90%. it is fer
this will be perceived and that's something that our executives, and whether they're in the regular federal government or the postal service, has to take note of. that the public is watching and that they are turned off by seeing waste of taxpayer dollars or in this case, sosh service dollars. >> attendees see it another way. >> relationships and networking very important. if they just stand in their office in washington they wouldn't get the feel of what the mailers want and need in the industry because the industry's changing. technology is changing and the postal service is changing with it. >> reporter: again, the u.s. postal service spending more than 2 million dollars on exhibit space and travel expenses. that may not sound like a lot, but as one government watch dog group told me, the way you end up 16 billion dollars in debt you don't worry about a 2 million dollar expenditure. over time, harris, it all adds up. >> harris: indeed it does. thank you. and republican lawmakers stepping up calls to hear from the the survivors of the benghazi terror attacks, six months after that assault there are
accusations have been made by former senators took part, the government itself took part in the 9/11 conspiracy and number two, they have the highest recidivism level of former gitmo detainees in the world. and those that return to saudi arabia become jihadists. why are we allowing the saudis to vet saudi applicants and jump to the head of the lines without going through customs and border patrol in the united states, is absolutely disturbing and bizarre and i think congress ought to hold hearings about this. >> we also do vetting. there's an issue about the saudi screening since our congressional research service describes them as a problematic ally in combatting islamic extremism and as you point out former florida senator bob graham, was co-chair with congressional inquiry coming out, i'm convinced there's a direct line between some of the 9/11 terrorists and the government of saudi arabia, we don't have that much faith in their screening when they tell us, this person can be fast-tracked and skip the line. we do our own screening here before we give them the special access pas
on in iraq now is the shia plurality, dominating a government and trying to dominate the kurds and the sunnis. i think it is more a continuing ethnic struggle where iraq's neighbors wish them no good. the iranians supporting the shia, the sunni arabs supporting anb anbar provinces. >> the "washington post" describeding him as neither the failed state, nor the model democracy some had wanted. what is the state of the government right now from your perspective there? >> reporter: well, there is a few different tests. on one hand, it is a country that hasn't completely grappled with democracy. it hasn't struggled in materials of creating more political freedom but there is no doubt democracy has not taken route across the country. the central government still struggles in the northern part of the country under kurdish control. it is a loose amalf. the government is rife with political corruption. there is indeed as we just heard, sectarian tension among political parties. still a lot of missing people in iraq. so by some estimates, although there is more political freedom and freedom of expressi
messages of its own. we have a new video that we found posted to a semi-official government web site in north korea. second one that we foupd that depicts a north korean attack on u.s. soil. the other which was posted to the same website last month showed a nuclear strike on new york city set to the song "we are the world." "out front" tonight, the ranking member on the intelligence committee joins us. good to see you, sir. i appreciate you taking the time. i want to ask you first about this video that we found, the second one as i said in over a month. these are propaganda videos put out by the government. but they're new. and just this week north korea said they could launch a preemptive nuclear strike against the united states. i mean you're on the intelligence committee. should the united states be seriously preparing for something even if it's a dirty bomb placed in an american city or is this all bluster? >> look, we have to be very serious about any threat attacking the united states or killing american citizens. and also as it relates to south korea, 100% with south korea. th
are left alone by the government. against home schooling. in those nations where it is illegal, home schoolers risk losing their children. two of the worst nations are germany and sweden. if you would like to see what it would be like if it was banned in america if it was banned, come to sweden. this family had to take their family to finland in exile. >> we were forced out of our country. that make as stronger impact than i can imagine. this is our country. now we are pushed away from it. >> sweden is the toughest places to home school. michael donnelly of the home school administration. president of the nordic committee for human rights calls it a dictatorship where social workers tell parents what to do. >> they claim to be a democracy, far from it. it is a dictatorship. social workers dictating how you live. children. >> this family lost custody of family and it is killing his wife. >> if we can't fix this soon, dominic will not have a mother anymore. >> russia is one of the freest nations in which to home school. family policy expert. >> we have complete freedom of home educatio
's employees will be gone. where the red assets are going to the bank of cyprus. the government spending cuts will have to come along with tax increases. this deal still hurts. >> i do not think there is any denying that the cyprus people will have to go through tough times and will suffer the consequences. we had to adjust over relatively a short period of time. rich: now the question is what does this mean for the rest of the euro zone? this, the bailout should be a template for the rest of europe and banks should be reduced. back to you. connell: rich edson lives in cyprus. trading halted in some of those italian banking stocks also added the comments in terms of a template. time to bring in axel merck. your thoughts? >> good morning. when someone screams fire, you do not want to shut the accident. halting stocks, i do not think, is helpful at all. i think it is rather responsible. the question is what will happen. obviously, investors are taking action. connell: you just look at the big board here in the united states and the green at the beginning of the day has now turned red. european
have been really concerned with what's going on, with a government that buys 1.2 billion bullets, hires 16,000 new irs agents, a government that's spent a trillion more than they earn than brought in, it doesn't help. the people in this country who are afraid of losing their rights and liberty, it's scary. stuart: i want debt center stage, and it's not. >> it's not. it should be. it might be likely limited, but it shows there's nothing above political meddling. what used to be taboo is your deposits are safe from taxation. stuart: the time is up, butdagen, connell it's yours. connell: thank you, sir. dagen: if you bail out those depositors, why shouldn't they have to pay something for the bailout? just asking. connell: whole hour to talk about it. connell: good morning, stuart and company told you the bad news from europe is back, and the $13 billion bailout in cypress. they want to pay for it by taxing people's bank accounts. dagen: the president will announce his no , nominee for s secretary. another looks at a man's record over at the justice department. connell: the cyber threats,
kids say i want to be a doctor. all of it is all of the government involvement that thee they feel. >> clayton: insurance exchanges we have been hearing so much about. these need to be in place. they are not yet set up. obama care rolling out over the last few years. not all of its arms have yet taken hold. insurance exexchange a key component of the affordable care act which would basically give you the idea, you know, eligible folks could then get government subsidies in return for some of these services. henry chow has come out this week basically saying all of these set up, all of the web site stuff that we were working on to build this thing has not come together yet. he says the time for debating about the size of the text on the screen or the color or is any world class user experience, that's what we used to talk about when we were talking about this. he says two years ago. now let's just make sure it's not a third world experience. >> so basically they are saying let's do better than sim back zimbabwe. is that the experience we are trying to exceed? >> clayton: this is wha
was fixed. obviously, not. there is the perfect play for gold. when you get a government taking money out of somebody's bank account, you know, in the name of austerity or fixing the bank, that is the perfect reason to go to gold. gold, of course, has been gaining strength in recent weeks on this news, obviously, back over 1600 an annals. we're even -- on amounts, and it's even a bit higher. some say we overplayed it, the markets coming down again. i heard that about greece about 57 times. look at the copper market. this is another interesting market when you look at, you know, the strength of the economy. it's down right now nine cents, a huge move for copper. we're a little bit easier, so it does raise concerns, of course, of how the overall economy's going to do, and that's why the markets are coming down right now on the copper. the industrial matter took a hit. as well as what we see in gold. >> i think, phil, people realize that cypress is a small economy, a small financial system which is why oil is backing up again. >> it is, no doubt about it. they are a small part of the pie, bu
with their own sell order what's going on. housing is a big part of the economy but so is government spending. i think government spending is really being ratcheted back here. that's going to be a major focus in the month of april. we'll hear endlessly about government spending coming down. >> the note on oracle this morning, this shows incremental softness in i.t. spending environment. that's weighing on all tech names. ibm is down 1.25%. that's a huge weight on s&p 500 at this hour. a lots of them we are watching in the tech sector. s.a.p. down 2.5%. crm down 1%. it is taking everything down at this point. >> oracle was bad. can't mince words about it. >> was oracle being bad a sign of what's bad in overall tech spending or was oracle bad more of a sign of what's bad at oracle? or both? >> it is a big government provider. dell is, too. that's hurt dell. this was sloppy execution. deliver, deliver, deliver. are they losing share in the cloud? clearly. they won too many nine-figure deals. at the same time the market says i want to buy that weakness. why is lululemon up? they want to buy that wea
our first look at just how big after case the government was building against the late internet activist aaron schwartz, a student at m.i.t. accused of habbing into the school's computer network. the university has now agreed to release whatever documents were handed over to federal prosecutors. schwartz's family hopes doing so will prove the case against their son was bogus. we never got to hear schwartz's full side of the story. he hanged himself in federal prison before the trial. >>> dennis rodman is that friend who can't keep a secret. the north korean dictator kim jong un just learned that the hard way. rodman told the british tabloid "the sun" that kim jong un's wife kept talking about her beautiful daughter during his trip there when he and kim became bffs. rumors of kim's secret daughter have swirled for a couple years but north korea never confirmed she existed. >>> now our sports lead. march madness is as much about big money as hoops. politicians here in d.c. are seeing dollar signs whether they filled out a bracket or not. the regionals of the ncaas will happen in w
in washington, it is a big job on capitol hill with the senate expected to approve a plan to keep the government running, and we're getting word funding for some critical programs hit hard by automatic spending cuts might also be restored. chief congressional correspondent mike emanuel live on capitol hill with that. seems like the biggest fight is not the short-term funding, but the broader budget debate, huh. >> >> reporter: the so-called continuing revolution to avoid a government shutdown seems to be on the path toward passage. overall, everybody seems to be feeling pretty good about it. so rather than going on the senate floor and singing "kumbaya", senate majority leader harry reid took time a few minutes ago to blast the house republican, paul ryan, budget plan. >> hand out more budget-busting tax breaks for the wealthy, and to pay for these wasteful tax breaks, ld -- it would end medicare guarantee, it would raise tax on middle class families. to appease the tea party, the ryan republican budget would risk recovery, and that's just a price too high. >> reporter: needless to say, republic
-free and it is not risk-free. there should be a risk premium associated with government debt and if you had a country like cyprus that essentially declared bankruptcy, and renegotiated these debt agreements, that might raise the interest rates of other countries. and that might not be such a bad thing. there would be more money going into private companies and less going into government. >> yeah. >> the other element of this i think is really interesting, there is a big debate whether the e.u. or whether russia will bailout cyprus. melissa: right. >> cyprus, according to recent figures i saw, the russians have about $50 billion invested in cyprus banks. so they have a lot at stake here. even though they seem tt be backing away from any kind of a bailout measure. melissa: no, absolutely. i think that is the larger story that maybe a lot of people are missing that this story has really a lot to do with russia. they have their hooks very deep in cyprus. that is their kay manned island equivalent. >> that's right. melissa: they talk about hey we bail you guys out in exchange for it we get natural gas field? o
investing. stuart: a government spokesman said this, the next few hours will determine the future of the country. it may be affecting our stock market yet, but it is high desk in a rare. the parliament will have to say yes or no one some very basic issues. will the government seize russian mob money to nationalize private pension plans, let's check cashing and withdrawals. already they have to pay cash for guess where they can find it. to be sure to my credit cards usually do the work, and long lines of the very few atms that work. will the people with their backs against the wall except the sudden and very sharp drop in there standard of living? the small island where politicians are known personally , will they vote to take their money off. a very fluid situation that could go either way. ♪ as we said, the markets at this moment did not seem to care about cyprus. look at this. the dow was up to seven points. 14478. the price of gold. one would have expected gold to go up, but it down six box. why isn't told going straight up? >> i'm just not sure, although we have to put it pr
, but the key question for cypress now, given that this is a brand new government, they've only been in town for three weeks and they made an ex politicsit promise that they wouldn't hit depositors, that's going to be the key issue. can they pass it through parliament? carolin roth is the best person to speak to you about that. >> julia, thank you so much for that. everyone here in cyprus is anxiously waiting for that vote on a very controversial bailout deal. now, i should mention that at this point, the ruling party under the president does not have a clear majority in parliament to be able to push through that controversial vote because press reports are indicating that up to three parties could be voting against that bailout deal because of that deposit tax component. now, the president is currently meeting with the leaders of the political parties. of course, what he's trying to do is to strong arm and to persuade them into voting for that deal because the other alternative, yes, that is bankruptcy for this country, which has only 1 million people and only makes up 0.2% of the entire eu
knows what is happening in jordan and you have a new israel government elected not to make peace or more but simply deal with the orthodox in the israel society. this is the most unripe situation for diplomacy any american president has walked into. >> mike, this american president, i think, has bent over backwards to be an honest broker between the israelis and palestinians and he did so in a way that actually angered the israelis. so hamas launches rockets into israel while the president is there and what do they do? they actually push away a guy that, again, is trying to be an honest broker. >> yeah, he has tried to be an honest broker and paid a price to it to some extent in domestic politics. what do you think of the theory, it's more than a theory, i would guess, that this trip is based largely less on policy than the president's personality, convincing the israelis and the israeli government that i am your friend. the united states is your friend. we are not going to falter or hesitate or anything when it comes to the defense of israel. >> i don't think he is aiming so much to the
cypress until monday to come up with a new plan to raise funds to avoid bankruptcy. cypress government leaders are scrambling to come up with a plan b after the parliament rejected a plan to seize up to 10% of people's bank accounts. the government ordered banks to stay closed until tuesday now to prevent people from withdrawing all their money. but atms are still operating with withdrawal limit. >> the issue, the people of california care about most right now: the economy. >> 71% of likely voters say getting control of the federal deficit should be the top priority for congress this year. 52% say immigration reform is a top issue. 42% say new gun control policies are the most important issues. and 33% say efforts to combat climate change should be the priority. >> 7:08. we know what sal's priority is keeping a close eye on traffic. >> okay. right now we are looking at a community much better than it was yesterday. we have slow downs obviously. let's take a look at the bay bridge. earlier minor crash. didn't last for too long. but the metering lights were turned on and slowed down for
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